From Mickey Cheers to Wall Street Tears
Disney pulled off a rare achievement for an old-school media giant: Their streaming services actually turned a profit! But Wall Street wasn't exactly doing cartwheels; instead, they sent Disney's shares plummeting like a poorly aimed Buzz Lightyear. Despite Disney+ and Hulu finally making some cash, ESPN+ seems to be on a losing streak, shedding subscribers faster than Cinderella loses her glass slipper at midnight., and the combined streaming business still ended up in the red. But hey, it's progress! At least they're not burning through cash like a dragon in a fairy tale anymore.
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